An Indifference Curve

question 190

Multiple Choice

An indifference curve

• A) must be convex to the origin.
• B) must be concave to the origin.
• C) may be convex or concave to the origin.
• D) depends on the prices of the products and the consumer's income.

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Definitions:

Senses

Physiological capacities of organisms that provide data for perception, such as sight, hearing, smell, taste, and touch.

David Hume

A Scottish Enlightenment philosopher, historian, economist, and essayist known especially for his philosophical empiricism and skepticism.

Philosophical Investigations

A work by Ludwig Wittgenstein that examines the nature of language, thought, and meaning through ordinary language philosophy.

Michel Foucault

A French philosopher and historian known for his critical studies of social institutions, including the human sciences, prisons, and the history of sexuality.